United were promoted as Championship runners-up last season and, following their 1-1 draw at Tottenham Hotspur on Saturday, have risen to fifth place in the Premier League.
That the Blades have been able to do this is because Wilder has had the courage of his convictions to remain true to his footballing beliefs, according to Shearer.
"The freedom that he gives all of his players to go and express themselves," said Shearer. "He's taken the Premier League by storm and he and his players deserve all the credit they are getting because they were up against one of the big boys of the Premier League, in a brand new stadium, and they were the better team.
"They deserve more than they got and that's a credit to him as a manager for having the belief to say, 'No, I'm not changing anything. I'm not going to change what has got me to this position in the first place, how we were successful as a football club', and he’s carried that on in the big league against the big boys and it's working perfectly for him."